Tc Pipelines Lp (NYSE:TRP) (TSE:TRP) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 5,009 call options on the company. This represents an increase of 3,153% compared to the typical volume of 154 call options.

A number of analysts have weighed in on TRP shares. Wolfe Research downgraded Tc Pipelines from an “outperform” rating to a “market perform” rating in a report on Monday, January 7th. Macquarie started coverage on Tc Pipelines in a research note on Thursday, January 24th. They issued a “neutral” rating for the company. Goldman Sachs Group downgraded Tc Pipelines from a “neutral” rating to a “sell” rating in a research note on Thursday, January 3rd. Zacks Investment Research downgraded Tc Pipelines from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. Finally, GMP Securities restated an “average” rating and issued a $66.00 target price on shares of Tc Pipelines in a research note on Monday, November 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $51.86.

Shares of TRP opened at $45.27 on Thursday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.40 and a quick ratio of 0.36. The stock has a market capitalization of $41.72 billion, a PE ratio of 15.24, a PEG ratio of 2.27 and a beta of 0.85. Tc Pipelines has a one year low of $34.58 and a one year high of $45.63.

Tc Pipelines (NYSE:TRP) (TSE:TRP) last issued its earnings results on Thursday, February 14th. The pipeline company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.33. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.53 billion. Tc Pipelines had a return on equity of 13.85% and a net margin of 26.72%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $0.82 EPS. On average, sell-side analysts forecast that Tc Pipelines will post 2.88 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, March 29th will be paid a $0.571 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This is an increase from Tc Pipelines’s previous quarterly dividend of $0.52. This represents a $2.28 annualized dividend and a dividend yield of 5.05%. Tc Pipelines’s dividend payout ratio (DPR) is currently 67.79%.

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Tc Pipelines Company Profile

TransCanada Corporation operates as an energy infrastructure company in North America. It operates through Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines, and Energy segments. The company transports natural gas to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, and other businesses.

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